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'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
an advisory group. another thing that airline passengers might notice, longer flight delays. faa furloughing 10% of workforce because of federal spending cuts and causing delays of up to two hours at airports in los angeles, new york, and washington, d.c. our casey wian live with more on what's going on. what's going on, casey? >> reporter: wolf, another rough evening for travelers here at los angeles international airport. up to 80% of departures delayed, and 20% of arrivals, according to flightview.com. due to faa staffing issues, workforce reductions, that started sunday night. erin was on a flight sunday night from las vegas to l.a. little did she know, forced spending cuts began the same day, reducing the number of air traffic controllers on duty. the result? major flight delays. >> on an 8:25, and when i rebooked, our departure time, 1:45 a.m. a couple airline employees said it was due to fog, and a couple says it was due to sequestration. >> reporter: actually it was both according to air traffic union rep, who was working sunday night. there are four parallel runways that can operate
have to prepare for long lines. government budget cuts that kicked in last month are forcing the faa and other agencies to cut some spending. f furloughs kicked in yesterday. the agency will furlough some 15,000 air traffic controllers. because of the cuts airports say passengers should expect increased delays. the length of the delays will vary depending on the schedule and situation at each specific airport. employees at the epa, office of management and budget, also face furloughs starting this week. >>> residents and investigators continue their search today through the destruction in west, texas, to try to figure out what caused the fertilizer plant there to explode. investigators say they found the origin of the explosion, but they still don't know what caused the initial fire that led to the blast last wednesday. fertilizer company is working closely with authorities to aid the investigation. the death toll from the blast remains at 14. a public memorial for first responders will take place in the town later this week. by the way, all the presidents, ex and otherwise will be i
hill? republicans going to try to pass something specific to faa? >> does this mean they are going to try to do a every time there is a problem? >> or do you try to do the big piece? >> i have to go to shameless plugs. >> 50th anniversary for the lawyers committee. go to the website. >> we have to build a workforce. 50% of the governors out there in their state of the union addresses talk about education. >> it's a great study. i know what you are talking about. my republican polling partner did a great analysis of the state of the state education. >> it is not glamorous but essential. >> pete williams. >> here it is. that is the way to look at it. that's it for this edition of "the daily run down" we know there is potentially intriguing breaking news. tomorrow we will talk to congressman mike mccall just hours after he received a top secret briefing. >>> and taking a dive to the race for john kerry's former senate seat. chris jansing, bye-bye. at the airports not too many problems. most likely be areas like kansas city or chicago or st. louis with rain or thunderstorms moving thro
in sunday for nearly 50,000 employees. the faa is required to cut $637 million from its budget by the end of september. >>> and at least another inch of rain is expected today in parts of an already flood-ravaged midwest. at least six rivers in northern illinois have surged to record levels and thousands of residents have been displaced. the governor declared 44 counties disaster areas. missouri's governor has also declared a state of emergency. >>> and some momentary shock today after this a.p. tweet was posted, claiming, quote, two explosions in the white house and barack obama is injured. it turns out that the a.p. account was hacked and the erroneous tweet was taken down minutes later. the dow plunged more than 100 points on the news but quickly regained the losses once it was deemed false. a group known as the syrian electronic army has claimed responsibility for this tweet. an fbi spokesperson tells cnn the fbi is now investigating that hack. wolf? >> lisa sylvester, thanks very >> lisa sylvester, thanks very much. -- captions by vitac -- www.vitac.com >>> new images of the shootout
Search Results 0 to 4 of about 5